property Details
Country:	Morocco, Tangier-Tétouan
Location:	Tétouan, Cabo Negro
Type:	New
Style:	Apartment
Bedrooms:	1 - 2
Size:	55 sq m to 110 sq m
Garden:	Community Areas
Terrace:	1 Terrace
Features:	Gymnasium, Kitchen Fully Fitted, Pool - Community, Security, Spa - sauna

Golf front and close to beach

The Maha Beach Spa Hotel & Suites at Royal Cabo Negro Golf will feature 202 suites including studio suites within the hotel, and 2-bedroom suites within the resort itself. Suites are currently available for purchase for pure buy to let investment, with on paper returns of 35% por to the announcement of the hotel operator in summer 2010. The investment provides an excellent opportunity for 100% rurn on the cash invested during this period, with exit strategies in place, or as an excellent buy to hold / buy to let investment in one of the major growth areas in Morocco.
The Maha Beach 4-star Spa Hotel & Suites is located at the entrance to the development, and features an external swimming pool, Jacuzzi and sundeck which can be enjoyed by all Maha Beach guests and residents.

The hotel offers a full concierge service, with a wide range of ancillary services including golf bookings, car hire, and a function room with meeting and conference services.

Located on the ground floor of the hotel is the Spa and Health Suite, which will offer a wide range of relaxing health and beauty treatments. The spa features massage rooms, male and female saunas, an aromatic cold water plunge pool, heated indoor swimming pool, health and beauty treatment rooms, Jacuzzi, Turkish baths and an aerobics hall including changing and shower rooms and sun bathing terrace.

The hotel restaurant will offer an array of Moroccan and International fine cuisine which can be enjoyed in the air conditioned dining room, or on the adjoining shady terrace. The resort also features a commercial centre with a selection of boutiques and shops.

The resort has been designed with space in mind with low density construction and extensive landscaped green spaces and communal gardens and features three large community swimming pools.

Key Facts

" 202 key 4-star spa hotel
" 160 2-bedroom hotel apartment suites
" Hotel operator to be officially announced Summer 2010
" Pre-release, early bird investor 26% dcount prices prior to official HO announcement
" Buy to let investment with current heads on beds returning 9% p annum net
" Currently under construction with expected completion date December 2010
" Excellent payment terms with low initial investment providing on paper profit of 35% oannouncement of HO - 100% osum invested
" 70% mtgages available through local banks
" Low rental competition with only three hotels in the area providing accommodation of a 4* standard or above.
" Growth area with massive investment from the Moroccan government into promotion and development of the tourist industry.
" Excellent transport links to Europe from Ceuta and Tangiers, with further planned development of the airport at T�touan

Area Information
A kingdom located at a crossroads between Europe and Africa, Morocco has maintained stability despite economic hardship in the past and large numbers of migrants passing through on their way to Europe. The government has been working hard over the past few years to develop a sustainable and healthy economy for all of its citizens, including major infrastructure improvements and housing schemes, while working closely with Europe and the US to both ensure regional stability and create open markets for trade and commerce.

Morocco has developed an ambitious strategy, dubbed "Vision 2010", aimed at attracting 10 million tourists a year by 2010. This strategy provides for creating 160,000 beds, bringing the national capacity to 230,000 beds. It also aims to create some 600,000 new jobs. There are six key areas identified in the broader Azur Plan which focuses on large scale development project sites predominantly located on the coastline, with contracts already awarded to international developers.

The Moroccan Government is heavily investing in tourism with an objective to increase tourist levels by an average of 15% per annum until 2010. This investment covers many different aspects of the infrastructure and is aimed at increasing the proportion of Morocco"s GDP which is accounted for by tourism to 20%.

This strategy has proved to be effective, with tourism for 2006 increasing by 12% on the previous year and a 14% annual increase in tourist numbers during the first 11 months of 2007.

Tourist nights in classified hotels posted a 7% increase, reaching some 10 million nights. Marrakech remains at the top of the list of highly visited tourist destinations with an increase of 11%, followed by Casablanca (+10%), Tangier with (+9%), Fez with (+7%), Rabat (+6%), and Agadir (+3%).

The predominant base of tourism is provided by the French, followed by domestic tourism, Spanish, Belgian then British. The government"s investment initiatives mainly focus on the provision of both tourist accommodation and hotels with a concentration on the coast line and additional facilities including golf courses.

The vast scale of construction is already having a major impact on the local economy and is set to continue into 2010, with GDP forecast to grow by approximately 6% in 2008.

Real estate capital growth rates are hard to measure accurately with a variety of sources reporting levels of up to 30% per annum, however it is advised to take the more conservative view applied by Knight Frank and other credible sources who consider growth of 15% per annum to be accurate. This level of growth is estimated to continue for the foreseeable future in-line with increases in tourism, as increased demand is satisfied by new supply.

The recent Open Skies policy can only further benefit tourism. A number of low-cost airlines have entered the market. Operators such as Easyjet, Ryanair, Atlas Blue, Royal Air Maroc, British Airways and Thomson all offer direct flights to Marrakech from major UK airports as well as a large number of other countries and these services are encouraging even more growth in tourism in and around the major cities.

Morocco - Key Factors:

Political and economic stability with continuing growth
Massive investment in infrastructure and tourist locations
Ongoing Growth in Tourist levels - 12% annual increase in 2006 and a 14% annual increase in 2007
Low entry level property in comparison to other European Destinations
Cultural Mecca
Wide variety of Tourists from France, Spain, Belgium and increasing levels from the UK
Un-spoilt beach front locations
Open Skies Policy encouraging massive growth in budget airlines
Capital Growth in excess of 15% per Annum
Excellent rental potential